Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange rose nearly three per cent on Monday on technical buying and relatively strong cash hog markets, analysts said. CME’s benchmark October hog contract settled up 2.475 cents, or 2.9 per cent, at 89 cents/lb., pushing just above chart resistance at the contract’s 100-day […] Read more
U.S. livestock: CME lean hogs climb on strong cash
Live cattle also higher
Olymel, Quebec workers reach deal in principle
Agreement may end months-long strike at hog plant
The union for workers at a major pork slaughter and packing plant in Quebec’s Beauce region says it has a deal that may end a strike which has backed up hogs on farms in the province since late April. The Syndicat des travailleurs d’Olymel Vallee-Jonction (STOVJ) — which represents over 1,000 employees at Olymel’s Vallee-Jonction […] Read more
U.S. livestock: Cattle end mostly lower; hog futures narrowly mixed
Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange closed mostly lower on Friday on technical selling and lackluster cash cattle trade this week, traders said. CME benchmark October live cattle settled down 0.375 cent at 128.125 cents per pound, and September feeder cattle futures ended down 0.475 cent at 163.075 cents […] Read more
U.S. livestock: CME hogs end mostly higher on bargain buying, cattle drift lower
Chicago | Reuters – Lean hog futures on the Chicago Mercantile Exchange closed mostly higher on Wednesday as bargain-buying and firmer wholesale pork prices helped the benchmark October contract rebound from a one-month low set a day earlier. CME October lean hogs settled up 1.975 cents at 85.850 cents per pound and December hogs rose […] Read more
Alarms raised after African swine fever crosses the Atlantic
Positive cases in the Dominican Republic have officials in Canada on high alert
Reading Time: 2 minutes The arrival of African swine fever in the Caribbean has alarm bells ringing here. “An outbreak of ASF in Canada could devastate the Canadian pig herd, placing farm families and tens of thousands of jobs along the entire value chain at risk,” the Canadian Pork Council said in a release. “A single, positive case could […] Read more
U.S. livestock: CME lean hogs fall on anticipated larger supplies
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures slipped on Thursday as traders look ahead to increased supplies of hogs heading into the fall and producers hedge against the possibility of future price declines, traders said. CME August lean hog futures closed unchanged at 109.475 cents per pound, while benchmark October hogs lost […] Read more
U.S. livestock: CME live cattle firm on scarce supply and firmer cash markets
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Wednesday as cash trade firmed and wholesale beef prices march higher, traders said. “We have some tighter market-ready cattle supplies right now. The outlook is for supplies to tighten further later in the year and into next year,” said Doug Houghton, technical analyst […] Read more
U.S. livestock: CME lean hogs firm as market-ready supplies remain soft
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures gained for a second day on Tuesday, supported by lower supplies of market ready hogs as the August futures contract nears expiration. “Until we start seeing better numbers coming forward on packer runs, I think that’s going to elevate things a little bit,” said Matthew […] Read more
Dominican Republic to kill thousands of pigs over swine fever outbreak
Santo Domingo | Reuters – The Dominican Republic will slaughter tens of thousands of pigs after detecting outbreaks of African swine fever in 11 of the country’s 32 provinces, authorities said on Monday. Fernando Duran, administrator of the state-run Banco Agricola, told a news conference the government will pay pig farmers the market price of each animal […] Read more
Meatpacker Tyson Foods mandates Covid vaccines for workers
Reuters – Tyson Foods Inc said on Tuesday it was mandating COVID-19 vaccinations for its entire workforce, joining a growing list of major U.S. companies as they face renewed pandemic restrictions due to the fast-spreading Delta variant. Surging COVID-19 cases and new guidance from the U.S. Centers for Disease Control and Prevention (CDC) that requires […] Read more